Eastern Platinum Limited · TSX:ELR
Eastern Platinum — Investor Presentation (July 2022)
32 slides from Eastern Platinum's investor presentation, July 2022
Slide 1: Corporate Presentation July 2022
Corporate Presentation July 2022
Slide 2: Corporate background
Corporate background Eastern Platinum Limited (Eastplats) owns, directly and indirectly, a number of platinum group metals (PGM) and chrome assets in South Africa. All of Eastplats’ properties are situated on the western and eastern limbs of the Bushveld Igneous Complex (BIC), the geological environ
Slide 3: Bushveld Igneous Complex properties
Bushveld Igneous Complex properties impopo egend Bushveld Igneous Bushveld Compl ex Complex pera tions 0 0 Pro ects ilometres Gauteng orth est Mpumalanga ree tate BUSHVELD IGNEOUS COMPLEX A ICA wa ulu atal orthern Cape Eastern Cape estern Cape 3
Slide 4: Company history
Company history CRM (then Lefkochrysos) was listed on the Johannesburg Impala Platinum Holdings Limited Mareesburg and ennedy’s Securities Exchange (JSE) and (Implats) acquired a 38% interest in Vale/Spitzkop, were placed on care Barplats and the contract to Eastplats acquired a 69% and maintenance
Slide 5: Company history
Company history Desktop studies and technical evaluations on the potential life of mine and the underlying value of Eastplats Projects: • ailings storage facility (“ ”) - immediately financially viable. • Zandfontein mine - economic viability dependent on an improvement in market • Retreatment desig
Slide 6: Company history
Company history • Corporate matters - Rights offering closed in Jan 2021, which raised C$11.8M for capital projects and working capital. • PGM operations - PGM Circuit D recommissioned after re-configuration and optimization in Apr 2021. PGM Circuit B – work commenced in May 2021 and the circuit was
Slide 7: Experienced and strong team
Experienced and strong team Directors Management George G. Dorin Wanjin Yang Director, Board Chair Chief Executive Officer Dr Bielin Shi Wylie Hui Director Chief Financial Officer & Corporate Secretary Xin (Alex) Guan Andrea Zhang Director Vice President Changyu (Charlie) Liu Hannelie Hanson Directo
Slide 8: Share structure
Share structure TSX:ELR Stock symbol JSE:EPS Share price at 20 June 2022 C$0.22 52 week high/low C$0.37/C$0.22 Issued and outstanding 137,820,773 Stock options outstanding 5,340,000 Warrants outstanding 5,960,000 Fully diluted 149,120,773 Market capitalization C$30.3m 8
Slide 9: Revenue and EBITDA since 2018
Revenue and EBITDA since 2018 9
Slide 10: High-quality Chrome and PGM project pipeline
High-quality Chrome and PGM project pipeline Crocodile River Mine (Zandfontein and Crocette ore bodies, Tailings) Retreatment Project PGM Mareesburg Scavenger Plant PGM Main Plant • Remining Zandfontein tailings area to • Circuit D • Circuit B recover chrome • Operations began Q4 2020 by processing
Slide 11: Chrome production
Chrome production Total project to 2019 2020 2021 2022 to Q1 YTD Q1 2022 Total tailing re-mined Tonnes 1,778,525 2,328,732 2,504,777 574,252 7,194,549 Total chrome concentrate Tonnes 588,006 987,003 773,274 121,122 2,471,448 Recoveries of chrome % 65.4 65.0 49.8 36.4 57.2 Wet yields of chrome % 32.6
Slide 12: PGM production
PGM production Dispatched to Impala (Project to Q1 2022) PGM ounces Month 1 Wet tons Dry tons contained Dec-20 32.06 23 51.19 Jan-21 61.50 44 105.34 Apr-21 371.74 200 523.59 May-21 302.08 163 278.03 Jun-21 386.58 176 310.74 Jul-21 500.92 218 439.89 Aug-21 273.58 148 214.80 Oct-21 345.24 188 256.76 N
Slide 13: Zandfontein overview map
Zandfontein overview map i bay rue. Secline\4 Access \ Se Na a
Slide 14: Zandfontein plant and equipment
Zandfontein plant and equipment 14
Slide 15: Technical report – NI 43-101 compliant
CRM Zandfontein underground re-start plan Technical report – NI 43-101 compliant 15
Slide 16: Resources – Re-Classification
Resources – Re-Classification 16
Slide 17: Resources – Mineral Resource
Resources – Mineral Resource CRM Underground (Jan 2022) Mineral Resource Cut-off of 1.7 g/t 4E applied Mineral Geo Loss Mine Cut 4E Pt Pd Rh Au 4E Mine Area Resource Tonnes Class kt m g/t g/t g/t g/t g/t Kg Moz Crocette 3,646 1.86 3.71 2.41 1.09 0.36 0.03 13,516 0.43 Measured Zandfontein 6,688 1.66
Slide 18: Zandfontein re-start project – Highlights
Zandfontein re-start project – Highlights Reserves 1.7Moz 4E (Zandfontein) Cost USD1,502/oz (AISC) IRR 118% Mine life 22+ years NPV USD202 million (including TSF) 18
Slide 19: Mineral Reserve estimation
Mineral Reserve estimation Underground Operations Mineral Reserve - 1 January 2022 Delivered Mineral Reserve 4E grade 4E content tonnes category kt g/t kg koz Proved 2,282 4.75 10,829 348 Probable 12,298 3.48 42,777 1,375 Total 14,580 3.68 53,605 1,723 Notes: 1. The Mineral Reserve estimation includ
Slide 20: Underground mine design and scheduling
Underground mine design and scheduling 22-year Life of Mine 20
Slide 21: What we are doing differently
What we are doing differently Aspect Previous operations New design Advantage • More effective power • Higher penetration In-stope Drilling Handheld with compressed air Handheld with hydro power • Reduced noise • Reduced heat generation • Sticks • Timberless • Reduced logistics • 1.8m roofbolts • 2.
Slide 22: Engineering – Surface infrastructure
Engineering – Surface infrastructure Existing surface infrastructure: Significant prior investment of over USD $526m and over USD $106m since new leadership appointed in 2016. • Water and power supply to the operation Total investment to date over USD $632m. is existing and has sufficient capacity •
Slide 23: Engineering – Underground infrastructure
Engineering – Underground infrastructure Existing underground infrastructure Significant prior investment of over USD $526m and over USD $106m since new leadership appointed in 2016. • 4 level station Total investment to date over USD $632m. • 3 level pump station • 3 level dam • 4 & 5 level tips •
Slide 24: Processing – Plant flow diagram
Processing – Plant flow diagram 24
Slide 25: High safety standards
High safety standards • Zero Harm Safety Culture • Hydropower and Nets for support • State of the art support design to improve efficiencies and ergonomics • Modernised scraping systems for cleaning • Dedicated raise lines for miners, material and ore handling • Twin declines and strike drives to se
Slide 26: SLP - Going beyond mining
SLP - Going beyond mining Local employment Stakeholder forums SMME business development This project creates In place and operating well Currently in place. Have trained 56 local through the assistance of businesses in tendering, financial at least 1 400 jobs local government management, marketing e
Slide 27: Zandfontein – LoM plan (22 years)
Zandfontein – LoM plan (22 years) Mineral Tonnes 4E Grade 4E Content Resource Category kt g/t kg koz Measured 2,282 4.75 10,829 348 Indicated 12,298 3.48 42,777 1,375 Inferred 1,367 3.35 4,580 147 Total 15,947 3.65 58,185 1,871 27
Slide 28: Zandfontein – Ounces profile
Zandfontein – Ounces profile 28
Slide 29: Cost curve – Milled tonnes
Cost curve – Milled tonnes Source: Minxcon 29
Slide 30: Upfront capital costs
Upfront capital costs Total Total Item ZAR USD Mining Capital Total initial mining capital 181,000,000 11,700,000 Total initial plant capital 85,000,000 5,500,000 Total initial other capital 21,000,000 1,400,000 Contingency and other capital 93,000,000 6,000,000 Total 380,000,000 24,600,000 30
Slide 31: Notice
Notice The information contained in this Presentation is provided for informational purposes only and does not constitute an offer to sell, or This Presentation contains certain statements that may be “forward-looking statements” or “forward-looking information” within the the solicitation of an off
Slide 32: Thank you
Pasrerars Vy Fe) THANK YOU